Algeria: Biological Product Market 2024

Biological Product Market Size in Algeria

In 2023, the Algerian biological product market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed a pronounced expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Biological Product Exports

Exports from Algeria

In 2023, the amount of biological products exported from Algeria surged to X tons, rising by X% on 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, biological product exports contracted slightly to $X in 2023. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2022, and then contracted slightly in the following year.

Exports by Country

Denmark (X tons) was the main destination for biological product exports from Algeria, with a X% share of total exports. Moreover, biological product exports to Denmark exceeded the volume sent to the second major destination, Switzerland (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Denmark totaled X%.

In value terms, Denmark ($X) emerged as the key foreign market for biological products exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Denmark stood at X%.

Export Prices by Country

The average biological product export price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Denmark amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Biological Product Imports

Imports into Algeria

In 2023, imports of biological products into Algeria rose to X tons, growing by X% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, biological product imports expanded rapidly to $X in 2023. Over the period under review, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2023.

Imports by Country

In 2023, Switzerland (X tons) constituted the largest biological product supplier to Algeria, with a X% share of total imports. Moreover, biological product imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Germany ($X), Switzerland ($X) and the United States ($X) constituted the largest biological product suppliers to Algeria, together accounting for X% of total imports. The Netherlands, Denmark and China lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biological product import price stood at $X per ton in 2023, surging by X% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, biological product import price increased by X% against 2021 indices. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X,854 per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform